Odds cap-and-trade fees will be spent prudently: 1 quadrillion to 1

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The Legislative Analyst’s Office is required to pretend as if Sacramento is not a place where public policy debates usually revolve around the question of how to best disguise the fact that just about everything state government does is dedicated to protecting the interests of public employees. That’s why I got such a kick out of the LAO’s earnest exhortation Thursday that the up to $14 billion a year that will be forthcoming from AB 32 cap-and-trade fees be spent in a thoughtful manner. Are you kidding me, LAO? This is California! That is not an option!

Ugly pension power play pays off for union tool Kamala Harris

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Are Kamala Harris’ parents proud of her today? Dr. Shyamala Gopalan, a breast cancer specialist, and Stanford University economics professor Donald Harris had Kamala after emigrating to the U.S. from crypto-democracies in India and Jamaica, respectively. Is this what they hoped for from their daughter? That she’d use her law degree to move up the ranks of the state Democratic Party and help maintain California’s status as a crypto-democracy? That their child, in her role as the state’s attorney general, would betray democracy by writing slanted ballot language that doomed two pension reform measures that polls showed voters loved? The doctor and the prof must be proud. With this act of sabotage, Kamala Harris is now the equivalent of a made man in the mafia that run the Golden State. The sky’s the limit now. Who knows how much more Harris can achieve in her chosen role as union tool masquerading as public servant? She’s a thug in a dress.

First unions, now greens, use state’s poor as political props

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When will the media finally figure out that the most powerful groups on the California left — public employees and environmentalists — use poor people as political props to get their way? Deny teachers their raises based on seniority and accumulation of meaningless graduate credits and you’re “punishing the kids” — no matter what the facts are. Get in the way of climate change policies? Then you’re a heartless cad who doesn’t realize that “low-income communities in California are more vulnerable to climate change-related health risks.” But what about the huge likelihood that AB 32′s main effect will be to impoverish poor people? Instead of prompting the rest of the world to follow California’s lead in switching to cleaner but costlier energy, the geniuses in Sacramento are on the brink of punishing the needy — all so rich greens in West L.A. and the Bay Area can feel good about their purity. Great, just great.

Is California cap-and-trade dead? What it looks like to someone paying close attention

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Like 99.9 percent of the California media, I’m not keeping all that good tabs on the implementation of AB 32′s cap-and-trade system under which companies will buy and sell their pollution rights as part of the state’s forced shift to cleaner but costlier energy. I may have written about it Sunday partly to make fun of Jerry, but that doesn’t mean I’m an expert. So what does California’s implementation look like to someone who understands the issues? It looks stalled — maybe permanently. This is from the respected SoberLook.com economics web site:

Steinberg: Only ‘far right’ wants big pension changes. PPIC: 68% back shift to 401(k)-type accounts

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According to legendary psychoanalyst Erik Erikson, a crucial stage of individual development comes from ages 5 to 13, as kids begin to develop complex interpretive skills and moral values and learn the importance of being industrious and serious of purpose. They leave childish fantasy, stubbornness and denial behind, adjusting to the world as it really is. Which brings me to Senate President Darrell Steinberg: Was he locked in a pantry from age 5 to 13? In asserting that only the “far right” want profound changes to public employee pensions, Steinberg is displaying a level of fantasy and denial more appropriate to a kindergartner than a powerful political leader. Yo, Darrell: A December PPIC poll shows 68 percent of the public backs switching new public employees to 401(k)-type benefits — including 64 percent of public employees!

Jerry said WHAT about high-speed rail? It’s time to revive the Gov. Moonbeam label

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Three months ago, Jerry Brown was winning praise from state journos for naming savvy people to the board of the California High-Speed Rail Authority who were much more honest about the numbers and the project in general, especially this guy. This had Sacramento speculating he was setting the stage for the bullet train’s demise, as this new honesty produced a jaw-dropping new $98 billion cost estimate for a statewide system that didn’t even reach San Diego or Sacramento. Now Jerry is mocking the cost estimate as too high and saying the proceeds from cap-and-trade will help pay for the bullet train. Has Jerry been smoking PCP? Is this a first sign that we’re about to witness our governor’s ugly public descent into senescence? One way or the other, this much it’s obvious: It’s time to revive Gov. Moonbeam as a nickname. Unless this is some sort of freaky iPhone 5 Zen triangulation, Jerry appears to have lost his mind.

Left’s equivalent of ‘birthers’: Those who doubt surveys showing state is hostile to business

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Several times a year, reports evaluating the 50 states come out that consistently rate California near the bottom when it comes to business-friendliness, whereupon defenders of the status quo say, well, what do you expect from right-wing groups who don’t like the politics of the Golden State? The same scenario played out recently, when Gil Duran, Jerry Brown’s spokesman, dismissed a report by the Tax Foundation that ranked California 48th out of 50 states: “This is a partisan group funded by conservative foundations and its assertions must be taken with a grain of salt.” Groan. In a key way, this reflects the same stupidity of the birthers who insist that Barack Obama wasn’t born in Hawaii in August 1961 even if there was a birth announcement in the local papers just after it happened. Why? Because it requires a belief in truly idiotic conspiracy theories.

No, Joe, the bullet train is still a joke even if it starts in San Diego

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Journalist/blogger/think tanker/author Joe Mathews has a piece up at Fox & Hounds Daily on Wednesday that purports to offer a way to revive the rapidly metastasizing bullet train project and shut up one of its whiniest critics. Sorry, Joe, even if the first segment is San Diego-to-Los Angeles, it still runs afoul of state law, federal rules and basic economics — and even if the bullet train were a convenient walk from my front door, I’d still loathe it for how it symbolizes the collective stupidity of the Sacramento media-political establishment.

CalPERS posts mediocre 1.1% return. Safe prediction: The annual bonuses won’t be mediocre.

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The news that the alleged geniuses who run CalPERS had a poor investment record in 2011 drew a strikingly tone-deaf response from master Dem spinner Steve Maviglio, who Tweeted, “@CalPERS +1.1% in 2011. How’d your 40lk (or should I say, 201k) do (minus expenses to Wall St.)?” Boy, Steve, in an era where local govs across the state are threatened by insolvency because of pension costs, that’s really reassuring. Maviglio is playing with fire here — because the more one looks at CalPERS, the more it looks like a corrupt institution. No, I’m not talking about the fact that it’s now involved in a pay-to-play corruption scandal involving former top executives. I’m talking about how whether returns are good or bad, CalPERS showers its workers with bonuses — self-dealing of the most obvious sort. If this is legal, it shouldn’t be.

Yo, Jerry: Is latest honest journalism on bullet train more ‘declinist’ spin?

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The second long piece by Fresno Bee reporter Tim Sheehan on the immense contrast between what we were told a state bullet-train system would be like and how a like effort is playing out in Spain was deeply enjoyable for many reasons, starting with how it confirms that the new media conventional wisdom is growing stronger by the day: This thing is a joke. Now here’s hoping that this leads to the undermining of another conventional wisdom: the idea that Jerry Brown is the smartest, most responsible guy in Sacramento. By emerging as the bullet train’s most ardent advocate and ripping skeptical journalists as “declinists,” Jerry is the opposite: dumb and irresponsible. Yo, gov: These two traits in combination with egomania aren’t exactly an attractive package.